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Bharti AXA Life Investment Plans

Bharti AXA Life Insurance is a partnership taken up by Bharti enterprises and AXA which is the biggest multinational financial and wealth services company. It has its headquarters in Paris and had been launched in December 2006. Bharti AXA Life Insurance is an insurance company that provides customers with a wide range of insurance plans which can be customised as per their requirements. Bharti AXA life Insurance company’s efficient working system along with its aim of fulfilling customer satisfaction makes it a leading insurance company in India. It offers excellent products and services to all its customers. The company consists of digital services for all transactions. Investment/savings or traditional plans are commonly known as conventional insurance plans. As per the guidelines in the insurance act, these conventional insurance plans have money invested in them. The investor is guaranteed of specific benefits on death, maturity of policy and moneyback, however the company does not disclose to the investor where his or her money is being invested. These investment plans have certain general characteristics:

  • Investment plans are issued for a prolonged term.
  • Money can’t be withdrawn from these plans.
  • These plans can be categorized as endowment plans or money back plans.
  • In situations where the premium payments stop for any reason and two/three years of premium payments are paid, then the plan is considered paid-up. A paid-up plan has a decreased sum assured and the choice remains with the investor, to surrender it or continue the plan at a low coverage.
  • The investment or traditional plans may be presented as a participating or non-participating plan. Participating plans are plans that are allowed to take part in the company’s profits and thus earn benefits in the form of bonus, whereas non-participating plans are not allowed to do the same.

Types of Investment Plans offered by Bharti AXA Life Investment Plans

Bharti AXA Life Insurance Company has established various kinds of investments plans along with protection for investors. Investments function as a great saving option and everyone has different needs. These investment plans will assist you in receiving more money than you invest. By selecting Bharti AXA Investment Plans you will be able to acquire coverage for you and your family, as well as save money for your future endeavours. Thus, plan well to maximise your profits.

Bharti AXA Life Grow Wealth Plan

Benefits:

  • High coverage.
  • Policy fund value as maturity benefit.
  • Death benefit.
  • Policy administration charge payable for just 10 years.
  • Loyalty benefits: From the 6th year on until a year before the maturity date, a fund value of 0.70% is added each year. On maturity, 1.40% fund value is added.

Eligibility:

  • Policy term: Between 5 to 20 years.
  • Entry age: Minimum 91 days old to maximum 64 years.
  • Maturity age: 70 years.
  • Premium: Minimum premium varies between Rs. 26,000 to Rs. 1,50,000 depending on single or regular pay and plan is bought online or offline.
  • Modes of payment: Yearly, half yearly, quarterly and monthly. When you want to invest your money and receive good returns as well as acquire a life coverage, Bharti AXA life grow wealth investment plan will help you increase your wealth with policy fund value, loyalty additions and also secure your family’s future if you die.

Bharti AXA Life Future Invest Plan

Benefits:

  • Partial withdrawals.
  • Alternative available for remaining invested even after maturity.
  • Switching option available.
  • Tax benefits

Eligibility:

  • Entry age: Minimum 18 years and maximum 59 years.
  • Policy term: 10 years.
  • Premium payment term: Five pay and single pay.
  • Maturity age: 69 years.
  • Modes of payment: Single, yearly, half yearly, quarterly and monthly.

How it works:

If you pay Rs. 50,000 yearly for a term of five years. On maturity say at an assumed 4% return rate, you will receive Rs. 2,59,544 or Rs.3,58,824 at an assumed 8% rate of return. If you die during the term of the policy, your family will receive Rs. 5,00,000.

Bharti AXA Life e-Future Invest

Benefits:

  • Affordable plan.
  • Purchase this plan at your convenience of home or office since it is an online plan.
  • Fixed policy term of 10 years.
  • No allocation charge.
  • Limited premium payment term of single pay or 5 years only.

Eligibility:

  • Entry age: Minimum age is 18 years and maximum age is 60 years.
  • Maturity age: 70 years.
  • Modes of premium payment: Annually, semi-annually, quarterly and monthly.
  • Premium: starting From Rs. 1,500 to Rs. 8,00,00,000 depending upon the term and mode of premiums.
  • Policy advantage tenure: 10 years.

How it works:

If you select a 10 year term policy, for a sum assured of Rs. 5,00,000 and you pay Rs. 50,000 yearly for a term of five years. In the 10th year, that is on your maturity date you will receive a fund value of Rs. 2,63,400 at an assumed rate of 4% return or Rs. 3,63,554 at an assumed rate of 4% return. In case of your demise, your family will receive a high sum assured and fund value.

Bharti AXA Life POS Saral Bachat Yojana

Benefits:

  • Tax benefits under Section 80C and Section 10 (10D) of the income tax act of 1961.
  • Maturity benefit will be equal to the sum assured.
  • Death benefit of maximum Rs. 20 lakh per life for accidental death and Rs. 10 lakh per life for reason of death other than accident.

Eligibility:

  • Entry age: Between 3 years to 55 years.
  • Maturity age: 65 years.
  • Policy term: 10 to 15 years.
  • Sum assured: Minimum Rs. 15,602 and maximum Rs. 10,00,000.
  • Premium: Minimum Rs.2,500 and maximum Rs. 90,909.
  • Payment mode: Yearly, half yearly, quarterly and monthly.

How it works:

If you buy this policy for a term of 10 years, you will have to pay premium of 5 years. If you choose to pay Rs. 1500 per month as premium, as maturity benefit (after 10 years) you will get Rs. 1,27,617. In case wherein you lose your life due to an accident, your family will receive Rs. 3,80,622 as death benefit. Whereas if you die due to any other reason than an accident, your family will get Rs. 1,90,311 as death benefit.

Bharti AXA Life Super Endowment Plan

Benefits:

  • Survival benefit.
  • Death benefits are provided depending whether the insured has an extended life cover or not. If any survival benefit has been paid earlier It will be deducted.
  • Maturity benefit.
  • Guaranteed additions

Eligibility:

  • Entry age: Minimum 91 days and maximum 60 years depending on the policy term.
  • Maturity age: Maximum 80 years depending on the term of the policy.
  • Policy term: 16, 18 and 20 years.
  • Sum assured: Minimum Rs. 50,000 and maximum no limit.
  • Annual Premium: Minimum premium Rs. 3,004
  • Payment mode: Yealy, half-yearly, quarterly and monthly.

How it works: To secure your life and invest money to save up for your family’s future, you can choose this plan. If you decide to pay a premium of Rs. 50,000 p.a. for 10 years for sum assured of Rs. 671,772. On maturity, you will receive a total benefit of Rs. 671,771. As survival benefit, one year before the maturity date you will receive Rs. 3,35,886. In case of your death, your family will receive Rs. 671,772.

Bharti AXA Life Assure Benefit Plan

Benefit:

  • Guaranteed maturity additions
  • Guaranteed Additions
  • Maturity benefit
  • Death benefit
  • Bonus

Eligibility:

  • Entry age: Minimum 91 years to maximum 66 years.
  • Maturity age: 80 years.
  • Sum assured: Minimum Rs.50,000 and maximum no limit.
  • Premium: Minimum Rs.6,032 and maximum Rs. 10,337.
  • Payment mode: Annually, semi-annually,quarterly and monthly.
  • Policy term: 14 years upto 24 years.

How it works? If you choose to purchase this plan for a term of 20 years at a premium of Rs. 50,000 p.a. With a premium term of 10 years, and the sum assured is Rs. 336,973. At the end of the policy, you will receive a total maturity benefit of Rs. 7,91,801. @ 4% assumed rate of returns or Rs. 1,198,831 @ 8% assumed rate of returns.

Bharti AXA Life Monthly Advantage

Benefits:

  • Maturity benefit of non-guaranteed annual reversionary bonus in addition to non-guaranteed terminal bonus.
  • Limited pay options as you can choose your policy term between 3 alternatives.
  • Payable insurance benefit.
  • Increase through bonuses.
  • Survival benefit

Eligibility:

  • Entry age: Between 91 days to 65 years.
  • Maturity age: upto 84 years depending on policy term.
  • Sum assured: Minimum Rs.50,000.
  • Premium: Minimum Rs. 3700.
  • Monthly Income : Minimum Rs. 370
  • Policy term: 12,16 and 24 years.
  • Payment mode: Yearly, half-yearly, quarterly and monthly.

How it works? You can choose this plan to make means for monthly income of your family incase something unfortunate happens to you. If you choose a term of 16 years for a sum assured of Rs. 2,50,00 and invests Rs. 37,405 for 8 years to obtain a stable income. If you survive you and your family will then receive Rs. 3,429 monthly until maturity date. In case you die, your family will receive Rs. 5,260 as monthly income along with accumulated bonus. A non-guaranteed benefit of Rs. 1,49,600 @ 8% assumed rate of return or Rs. 19,800 @ 4% assumed rate of return will also be paid.

Bharti AXA Life Monthly Income Plan+

Benefits:

  • Tax free monthly income.
  • Increase with bonuses.
  • Life protection benefit.
  • Tax benefit.
  • Premium discounts.

Eligibility:

  • Entry age: 0 years to 65 years.
  • Maturity age: Maximum 80 years.
  • Sum assured: Minimum Rs. 192,000.
  • Policy term: 15,20 and 30 years.
  • Monthly Income: minimum Rs. 750
  • Premium: Minimum depends on minimum monthly income.
  • Payment mode: Annually, semi-annually,quarterly and monthly.

How it works? To receive a guaranteed monthly income of Rs. 3000, you will have taken this plan for a tem of 15 years. You pay an annual premium of Rs. 35,715 for 7 years. After 7 years, if you survive you receive a monthly income of Rs. 3000. In case of your demise, your family then will receive a monthly income of Rs. 4,950. A non-guaranteed benefit of Rs. 80,784 @ 8% assumed rate of return or Rs. 9,504 @ 4% assumed rate of return will also be paid.

How to apply for Bharti AXA Life Investment Plans?

Online

The company provides some plans online. You must visit the company’s website and select the needed plan. Then choose the coverage you require and give all your details. The premium will be decided based on your details provided. You then need to pay the premium through your debit or credit card or net banking service. The policy will then be issued.

Offline

Through intermediaries like agents,brokers,branches,banks,etc. They will assist you through the further application process.

FAQs on Bharti AXA Life Investment Plans

Why choose Bharti AXA Life Investment Plans?

Bharti AXA Life Investment plans gives focused attention to every customer, specific products and services. They are reliable and attentive.

Which is the best investment plan of Bharti AXA Life Investment Plans 2018-19?

All plans offered by bharti are best in their own unique way. One can select the plan which best suits his/her needs.

Which is the best Bharti AXA Life Invest Plan for long term?

Bharti AXA Life Grow Wealth Plan is best plan for long term as it will help earn market linked returns by staying invested for a long term.

Why should i buy Bharti AXA Life Investment Plans?

Bharti AXA Life Investment plans not only offer life protection but also assist you in making more money. It provides so many benefits like bonuses and loyalty additions.

How do I pay premium? What are the modes of payment available?

You can pay your premium annually, semi-annually,quarterly and monthly. You can pay online for online plans and visit the company branch for offline transactions.

How can i check policy status of Bharti AXA Life Investment Plan?

Online and offline. Through online services you can log in with your details or request a call back on your number. Through offline, you can SMS or call the toll free number or visit the nearest branch office.

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